Flipkart Relocates Domicile to India to Align with Local Regulations and IPO Plans
Flipkart, owned by Walmart, has moved its domicile to India. The company received approval from the Indian government. With this restructuring, Flipkart Internet Private Limited becomes the holding company for the entire Flipkart Group.
This completes the relocation of Flipkart from Singapore to India, setting the base for its planned Initial Public Offering (IPO). The company called this move a big milestone that shows its strong long-term commitment to India. The company thanked the Indian government for providing support to Flipkart.
In earlier years, Flipkart had shifted its holding structure to Singapore. This practice helps Indian startups to access global venture capital.
Now the company is again shifting its holding company domicile from Singapore back to India. This “reverse flip” is advantageous for companies like Flipkart to better align with Indian regulations, increase their valuation, and signal trust in the domestic market.
Over the past few years, Flipkart has become the largest digital commerce platform in India. It is serving over 500 million customers, and its logistics arm, Ekart, delivers to more than 22,000 pin codes across the country.
Flipkart’s group includes Myntra, Flipkart Wholesale, Cleartrip, and Super Money. This India domicile strengthens its path to public listing.